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Spend More to Lift the Economy

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Plan expenditure has been budgeted at around Rs 5.21 lakh crore this fiscal, marking a 26% rise over the previous year. The main purpose of stepping up allocations is to create more capital assets to boost a slowing economy. However, actual Plan spending till September amounted to 38.9% of the budgeted spending – the lowest proportion recorded since 2007-08……Read More

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